Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.037%
Price spread now: dYdX against Lighter−0.061%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.061% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2267 | 0.0096 | pay 0.0012% / 1h | 26m 20s | $1.4M | $7.3M | 15x |
| Short | dYdX ARB-USD | 0.2266 | 0 | get 0.0000% / 1h | 26m 20s | $67K | $4K | 10x |
Lighter ARB
dYdX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.16
- Price spread: −0.061% → 0.000%
- −$6.14
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$36.3
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 7 min ago; dYdX: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 7 min ago | 2.45 bp | 11.8 bp −$12 | 26.0 bp −$260 | 107.5 bp −$10.8K | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ARB on 36 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1666% | 1h | 0.2244 | −1.015% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0204% | 8h | 0.2268 | +0.025% | $2.0M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0155% | 8h | 0.2269 | +0.101% | $58.6M | $126.3M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2268 | +0.057% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0138% | 1h | 0.2256 | −0.471% | $1.1M | $4.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0117% | 8h | 0.2269 | +0.079% | $38.9M | $59.1M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0115% | 8h | 0.2271 | +0.172% | $22.8M | $157.9M | 50x | as long as short |
| SoDEX ARB-USD | −0.0090% | 1h | 0.2254 | −0.560% | $4K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0049% | 8h | 0.2269 | +0.088% | $12K | $387K | 10x | as long as short |
| Binance ARBUSDT | 0.0000% | 8h | 0.2270 | +0.134% | $66.8M | $309.6M | 75x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
Bybit ARBUSDT
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Binance ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USDshort | 0.0000% | 1h | 0.2266 | −0.061% | $67K | $4K | 10x | |
| Extended ARB-USD | 0.0000% | 1h | 0.2268 | +0.035% | $365K | $3.6M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2255 | −0.516% | $25K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2271 | +0.156% | $33K | — | 150x | as long as short |
| BingX ARB-USDC | +0.0073% | 8h | 0.2267 | 0.000% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0078% | 8h | 0.2272 | +0.221% | $21.7M | $35.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2272 | +0.213% | $144K | $7K | 3x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2267 | long leg | $1.4M | $7.3M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2272 | +0.203% | $41.0M | $47.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2269 | +0.066% | $705K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2266 | −0.038% | $45K | $185K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2270 | +0.141% | $5.5M | $19.8M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2270 | +0.119% | $19.8M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2253 | −0.620% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2251 | −0.693% | $486K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2252 | −0.662% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2270 | +0.110% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2256 | −0.485% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2261 | −0.260% | $294K | $974K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2256 | −0.485% | $5.1M | $13.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2258 | −0.415% | $3.1M | $2.9M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2261 | −0.265% | $510K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0288% / S −0.0175% | 1h | 0.2270 | +0.139% | $898K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2268 | +0.031% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2270 | +0.152% | $516K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0523% | 1h | 0.2259 | −0.344% | $1.0M | $2.8M | 20x | as long as short |
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP